SLO @ 0.7130 ⏳
TP4 @ 0.7115
TP3 @ 0.7033
TP2 @ 0.6925
TP1 @ 0.6750
BSO @ 0.6650 📈
BLO @ 0.6585
ADDITIONAL INFO:
* The pair is currently trading below the 200-day moving average, which is a bearish signal.
* The RSI is below 50, which is also a bearish signal.
* The MACD is crossing below the signal line, which is another bearish signal.
Based on these technical indicators, the outlook for AUDUSD is bearish and the pair could continue to decline and test the support level at 0.6565.
However, Price Action is currently reacting to a Major Support Level and heading upward. If the pair can break above the resistance level at 0.6783, the outlook would turn to bullish momentum.
Here are some of the factors that could affect the price of AUDUSD in the near future:
* The outcome of the upcoming US Federal Reserve meeting.
* The release of US economic data, such as GDP and unemployment figures.
* The development of the Russia-Ukraine war.
It is important to remember that technical analysis is only one tool that can be used to make trading decisions. It is important to also consider fundamental factors, such as economic data and political events, when making trading decisions.
TP4 @ 0.7115
TP3 @ 0.7033
TP2 @ 0.6925
TP1 @ 0.6750
BSO @ 0.6650 📈
BLO @ 0.6585
ADDITIONAL INFO:
* The pair is currently trading below the 200-day moving average, which is a bearish signal.
* The RSI is below 50, which is also a bearish signal.
* The MACD is crossing below the signal line, which is another bearish signal.
Based on these technical indicators, the outlook for AUDUSD is bearish and the pair could continue to decline and test the support level at 0.6565.
However, Price Action is currently reacting to a Major Support Level and heading upward. If the pair can break above the resistance level at 0.6783, the outlook would turn to bullish momentum.
Here are some of the factors that could affect the price of AUDUSD in the near future:
* The outcome of the upcoming US Federal Reserve meeting.
* The release of US economic data, such as GDP and unemployment figures.
* The development of the Russia-Ukraine war.
It is important to remember that technical analysis is only one tool that can be used to make trading decisions. It is important to also consider fundamental factors, such as economic data and political events, when making trading decisions.
Professor C. E. Ward
